It can’t happen here! What is happening in Venezuela and Argentina cannot occur in Western economies. That’s at least what markets believe with stocks and most bubble assets remaining in cloud cuckoo land. Rates in Argentina have just gone to 40% to protect the currency. Anyone who believes that rates in the US will remain at current low levels or that German and Japanese rates will remain negative has a massive shock coming. HYPERINFLATION – A CURRENCY EVENT Argentina used to be a very strong economy 100 years ago but in the last few decades the country has gone through several … Continue reading Gold Is Good – Greed Is No Good